LINCOLN- Nebraska lawmakers passed a final round of bills Thursday before adjourning for the year, including one that would allow homeowners to postpone an increase in property valuation for doing major remodeling projects. The bill passed 49-0.
Legislative Bill 1021 was introduced by State Sen. Mike Groene of North Platte, who dubbed it a “micro-TIF” measure. TIF, or tax-increment financing, has been used to encourage commercial redevelopment projects in the past. The mechanism allows developers to pay property taxes on the redevelopment valuation for a fixed number of years.
LB 1004, introduced by Sen. Steve Lathrop of Omaha, aims to help with the overcrowding of Nebraska prisons. Inmates now become eligible for parole when they have served half of their minimum sentence.The new bill would make them eligible to be considered for parole at whichever date is earlier. Inmates still would have to go before the Parole Board and win approval to be released.
Other measures include flood mitigation, and workforce housing
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